Wednesday preview: Tesco expected to reveal LFL decline in Q3

All eyes in the retail industry will be focused firmly on supermarket giant Tesco on Wednesday morning with the company scheduled to report on third-quarter trading.

All eyes in the retail industry will be focused firmly on supermarket giant Tesco on Wednesday morning with the company scheduled to report on third-quarter trading.

Last week, Nomura released a research report on Tesco (rated 'buy'), saying that it forecasts third-quarter like-for-like (LFL) sales excluding VAT and fuel to come in 0.9% lower than last year, a reversal from the 0.1% growth reported in the second quarter.

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